M&A Deal Summary

New York Life Insurance Company Acquires Candriam

On February 3, 2014, New York Life Insurance Company acquired financial services company Candriam for 380M EUR

Acquisition Highlights
  • This is New York Life Insurance Company’s 2nd transaction in the Financial Services sector.
  • This is New York Life Insurance Company’s 2nd largest (disclosed) transaction.
  • This is New York Life Insurance Company’s 1st transaction in Belgium.

M&A Deal Summary
Date 2014-02-03
Target Candriam
Sector Financial Services
Buyer(s) New York Life Insurance Company
Deal Type Add-on Acquisition
Deal Value 380M EUR

Target

Candriam

Brussels, Belgium
Candriam has built up a significant presence in Europe and across international markets. The company has established product manufacturing platforms in Brussels, Paris, Luxembourg and Sydney and has an experienced sales force covering Europe, the Middle East and Australia.

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Buyer(S) 1

Buyer

New York Life Insurance Company

New York, New York, United States
Category Company
Founded 1845
Sector Insurance
Employees12,000
DESCRIPTION

New York Life Insurance Company is a US mutual-life insurance company. New York Life was formed in 1845 and is based in New York City.

DEAL STATS #
Overall 2 of 4
Sector (Financial Services) 2 of 3
Type (Add-on Acquisition) 2 of 3
Country (Belgium) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 ACE Fianzas Monterrey SA

Miguel Hidalgo, Mexico

Fianzas Monterrey was founded in 1943 and is Mexico's second-largest surety lines company, offering administrative performance bonds mainly to construction and industrial clients. It has 25 branch offices and distributes its products through nearly 600 independent agents and brokers.

Sell $293M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 Credit Value Partners

New York, New York, United States

Credit Value Partners LP is a specialist boutique with opportunistic and distressed debt and high yield corporate credit investing capabilities.

Buy -
Mergr

Product

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